Hungary AM

Tourism

Industry Insiders Consult With Gov’t on Tourism Policy

A body of industry insiders established to advise the government on tourism policy held its inaugural meeting yesterday, the Ministry...

Construction

Évosz Urges Launch of Home Renovation Support Scheme

Construction association Évosz urged the launch of a home renovation support scheme and restarting the Green Home Program of the...

MNB

MNB: Most Companies Blame GDP Contraction on Inflation

Domestic GDP decreased by 0.9%, the background of which was mainly the falling internal demand due to high inflation, according...

Retail

Easter Chocolate Sales Expected to Match 2023

Easter chocolate turnover is expected to be at the same level as in previous years, the National Chamber of Agrarian...

Banking

K&H: Demand for Market Housing Loans Much Higher in January

The demand for market housing loans was much higher at K&H in January this year than a year earlier, the...

Green Energy

Swiss Axpo, US Jabil Extend Energy Partnership in Hungary

U.S. electronic manufacturer Jabil Inc. has ensured a 100% renewable power supply for its operations in Hungary after expanding its...

Tourism

Tourism Expectations Stagnated in February

The expectations of tourism companies stagnated in February compared to a year earlier, the National Association of Tourist and Hospitality...

Crops

Farm Sector Generates 38% of Trade Surplus

The farm sector accounted for 38% of Hungary's trade surplus in 2023, the Ministry of Agriculture said last week, according...

Figures

Insurers’ Premium Revenue up 6% in 2023

Hungarian insurers' revenue from premiums rose 6% to HUF 1.509 trillion in 2023, according to data released by the National...

Green Energy

Investors Plan to Add 10 GW of Renewables Capacity

Investors have signaled their intent to build solar parks and wind farms with a capacity of over 10 GW, the...

Awards

ÁKK Acknowledges Best Gov’t Securities Dealers

The Government Debt Management Agency (ÁKK) has acknowledged the best government securities dealers of 2023 at a ceremony, according to...

Figures

Investment Fund Subscription at HUF 451 bln

The net subscription of units of Hungarian investment funds reached HUF 451 billion in January, rising from HUF 412 bln...

Ratings

Fitch Gives MVM Dollar Bond ‘BBB’ Rating

International credit rating agency Fitch Ratings gave MVM Zrt.'s planned dollar bond the same rating as the company, "BBB." It...

Analysis

Economic Recovery Depends on Easing Household and Corporate Caution

Minister of National Economy Márton Nagy said the recovery in retail consumption and a pickup in corporate investment required an...

Int'l Relations

Trump and Orbán to Meet in U.S. This Week

Prime Minister Viktor Orbán will meet former U.S. President Donald Trump this coming Friday in Florida, shortly after he openly...

Green Energy

Battery Storage Fleet Delivers Up to 1,000 MW to Support Evening Power Demand

Hungary’s rapidly expanding battery storage fleet is becoming a critical tool for balancing the power grid, shifting cheap daytime electricity...

Figures

NAV Opens Online Access to 2025 Tax Return Platform

The National Tax and Customs Administration (NAV) will again prepare draft income tax returns for 2025, but individuals wishing to...

HR

Tesco Surpasses Lidl in Headcount Amid Seasonal Hiring Boost

Tesco added over 700 employees from May to June, reclaiming its lead over Lidl in staff numbers, according to a...

Recycling

Recyclable Waste Volume Doubled in 2023 at Waste Yards, Says MOHU

Hungarians handed in more than twice as much recyclable waste at collection yards last year compared to 2022, according to...

Manufacturing

Industrial Output Falls 2.6% in May Despite Auto Sector Growth

Hungary's industrial production declined by approximately 2.6% year-on-year in May, the Central Statistical Office (KSH) confirmed in a second reading...

Telco

4iG Launches HuSat Satellite Program

Listed ICT company 4iG yesterday announced the launch of its HuSat satellite program, the largest to be privately funded in...

Crops

Farmers Growing Nuts on 9,200 Hectares

Hungarian farmers are growing nuts on around 9,200 hectares, up from 6,000 a decade ago....

City

Renaming of Street for Gyula Horn Nixed by Court

The renaming of a street in Budapest after former Socialist Prime Minister Gyula Horn was unlawful, the capital city's government...

Travel

Wizz Air ‘All You Can Fly’ Passes Sell out

Wizz Air sold out all of its 'All You Can Fly' passes....

Innovation

Digital Preparedness Indispensable for High Added-value Jobs

Digital preparedness is mostly indispensable for high added-value jobs, so the economic catch-up depends on it, economic research institute GKI...

Manufacturing

Rheinmetall Q2 Profits up 111%

Rheinmetall AG, Germany's largest arms manufacturer, posted a 111% jump in second-quarter profits, thanks to an increase in the sale...

Crops

Arable Crop Expectations Amended for July

The July analysis of the European Commission's Joint Research Center (JRC) on arable crops based on meteorological and satellite data...

TI Hungary: Private Equity Funds Still Opaque Despite Stricter Rules

Transparency International Hungary found that despite tighter regulations, ownership of Hungarian private equity funds remains opaque, with major gaps in...

Battery Storage Fleet Delivers Up to 1,000 MW to Support Evening Power Demand

Hungary’s rapidly expanding battery storage fleet is becoming a critical tool for balancing the power grid, shifting cheap daytime electricity...

Fitch Warns Tisza Gov’t Must Deliver Credible Fiscal Strategy

Fitch Ratings says Hungary's new government will face serious challenges, including weak growth, and rising public debt, even as the...

Panel Prices Surge as University Cities Catch Budapest

A new analysis by DH Group shows that Hungary's panel‑housing market continued to heat up in early 2026, with Budapest...

NAV Opens Online Access to 2025 Tax Return Platform

The National Tax and Customs Administration (NAV) will again prepare draft income tax returns for 2025, but individuals wishing to...

Tesco Surpasses Lidl in Headcount Amid Seasonal Hiring Boost

Tesco added over 700 employees from May to June, reclaiming its lead over Lidl in staff numbers, according to a...

Recyclable Waste Volume Doubled in 2023 at Waste Yards, Says MOHU

Hungarians handed in more than twice as much recyclable waste at collection yards last year compared to 2022, according to...

Industrial Output Falls 2.6% in May Despite Auto Sector Growth

Hungary's industrial production declined by approximately 2.6% year-on-year in May, the Central Statistical Office (KSH) confirmed in a second reading...

4iG Launches HuSat Satellite Program

Listed ICT company 4iG yesterday announced the launch of its HuSat satellite program, the largest to be privately funded in...

Farmers Growing Nuts on 9,200 Hectares

Hungarian farmers are growing nuts on around 9,200 hectares, up from 6,000 a decade ago....

Renaming of Street for Gyula Horn Nixed by Court

The renaming of a street in Budapest after former Socialist Prime Minister Gyula Horn was unlawful, the capital city's government...

Wizz Air ‘All You Can Fly’ Passes Sell out

Wizz Air sold out all of its 'All You Can Fly' passes....

Digital Preparedness Indispensable for High Added-value Jobs

Digital preparedness is mostly indispensable for high added-value jobs, so the economic catch-up depends on it, economic research institute GKI...

Rheinmetall Q2 Profits up 111%

Rheinmetall AG, Germany's largest arms manufacturer, posted a 111% jump in second-quarter profits, thanks to an increase in the sale...

Arable Crop Expectations Amended for July

The July analysis of the European Commission's Joint Research Center (JRC) on arable crops based on meteorological and satellite data...